New $20M funding boosts Swedish startup’s AI-driven automation platform

Stockholm-based EvoluteIQ has raised $20 million in a funding round led by Round2 Capital, with additional investments from Nordea Growth Fund, DCAP Select, and PH Ventures. The funding will be allocated to expanding EvoluteIQ’s AI-driven automation platform and strengthening its global reach. With a focus on sectors such as healthcare, banking, financial services, and insurance, EvoluteIQ provides low-code automation solutions aimed at enhancing efficiency and minimizing operational challenges for large enterprises. The latest capital injection will support continued development and scaling of the platform’s capabilities across global markets.

EvoluteIQ has experienced strong momentum in the market, growing its customer base across key industries such as Healthcare, BFS & Insurance. The company has seen rapid adoption of its EIQ platform across F500 organisations globally, reflecting in its strong and consistent organic growth in the ARR over the past years.

“EvoluteIQ has consistently proven its ability to deliver tangible value to enterprises through its robust automation platform,” said Christian Czernich, Co-Founder & CEO at Round2 Capital. “We are excited to support EvoluteIQ as they continue to push boundaries in AI and automation and drive exceptional outcomes for their global customer base.”

“We are humbled to have the continued support of our investors as we execute on our vision to drive the next wave of enterprise transformation”, said Sameet Gupte, Co-Founder & CEO of EvoluteIQ. “We remain committed to delivering disruptive, scalable solutions that streamline the automation journey for our clients.”

As a trailblazer in end-to-end automation, EvoluteIQ provides businesses with a distinctive, all-encompassing solution designed to enhance productivity, minimize operational complexity, and accelerate digital transformation through the foundational integration of AI.

“The AI revolution is ushering in an unprecedented scale of change across industries worldwide. To effectively navigate this transformative landscape, enterprises must select AI-driven technologies capable of delivering authentic, impactful business transformation within accelerated timelines.” said Hriday Ravindranath, Chief Digital & Information Officer at Orange Business. “Over the years, I have observed EvoluteIQ’s unwavering commitment to its vision of simplifying and automating intricate end-to-end processes to achieve precisely these outcomes.”

The platform is renowned for its integrated feature set, adaptability and user-friendly design, empowering organizations to implement automation initiatives seamlessly, without the necessity for extensive technical expertise.

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